Overview

• The Commerce Department formally halted export controls on Nvidia’s H20 AI chips to support ongoing trade diplomacy with Beijing
• Nvidia secured assurances of imminent licenses and placed orders for 300,000 additional H20 GPUs with TSMC following strong Chinese demand
• Twenty national security experts and key Democratic lawmakers have sent letters to Secretary Lutnick urging a reversal on national security grounds
• U.S. and Chinese trade negotiators reconvened in Stockholm to use chip exports and rare earth deals as bargaining tools in broader economic talks
• Internal administration divisions emerged as pro-business Silicon Valley voices prevailed over security hawks in shaping the export policy shift